The cross strait economic cooperation framework agreement ecfa

Hanoi (VNA) – Expanding external relations has helped many localities across the country mobilise resources and assistance for their development. So far, localities nationwide have signed 232 international agreements and mobilised over 270 million USD worth of foreign non-governmental aid. The southern economic hub of Ho Chi Minh City, for example, has expanded international friendship and cooperation with 11 agreements signed in 2019, raising the total number of foreign localities having cooperative ties with the city to 53, according to Director of the municipal Department of External Relations Le Quang Long. In the year, the city attracted 8 billion USD in foreign direct investment (FDI), he added. Meanwhile, the central coastal city of Da Nang lured over 3.5 billion USD in FDI over the past 20 years and had relations with over 20 countries and territories worldwide. The city has carried out a number of effective cooperation programmes with Lao partners as well as signed … [Read more...] about External relations mobilise resources for localities’ development

Vietnam set up diplomatic ties with South Sudan in February 2019, bringing the total number of regional countries that have diplomatic ties with Vietnam to 69 out of 70. Last year’s two-way trade hit close to US$19 billion, tripling that of a year earlier. Vietnam exported farm produce, pharmaceuticals, consumer goods, telecommunications, and finance-banking services to the region. The country received more than US$7 billion in foreign direct investment from the region while pouring more than US$2.6 billion there, primarily via Viettel’s telecom projects in several African nations. Progress has been also seen in cooperation on agriculture, energy, transportation, labour and exchange of experts. With active and responsible contributions to dealing with global issues, Vietnam acquired almost absolute support from the Middle East– African countries during its run for a non-permanent member of the United Nations Security Council for the 2020-2021 tenure. During a … [Read more...] about Vietnam greatly values ties with Middle East and African countries

Speaking at a meeting on March 7, the PM highlighted that the summits are among the three largest multilateral events to be held in Vietnam this year as they offer opportunities to State leaders to discuss measures to boost trade and investment and ensure security and sustainable use of the Mekong water resources. Meticulous preparations for the events are significant to affirm Vietnam’s increasing role and prestige in the region, he said, emphasising media work to raise public awareness of the importance of cooperation in the GMS and the Cambodia-Laos-Vietnam Development Triangle.  The GMS cooperation was initiated in 1992, encompassing Cambodia, Laos, Myanmar, Thailand, Vietnam, and China’s provinces of Guangxi and Yunnan. Over the years, the cooperation has been expanded to cover various fields with the aim of making it easy for cooperation for development among the members. Meanwhile, the CLV Development Triangle cooperation was set up in 1999 to spur the … [Read more...] about PM orders meticulous preparation for GMS, CLV summits

Chinese leaders are highly interested in the construction of Cat Linh-Ha Dong urban railway and have urged the Chinese general contractor to hold in-depth discussions with Vietnamese relevant agencies to dealing with existing obstacles to put the project into operation soon. … [Read more...] about Deputy PM Dung greets Chinese Ambassador

The Bac Lieu LNG-fired thermal power plant, expected to cost about US$4 billion, will cover 40ha in Vinh Hau A Commune, Hoa Binh District. It is the biggest foreign-invested project in the Cuu Long (Mekong) Delta region thus far, online newspaper sggp.org.vn reported. … [Read more...] about Bac Lieu approves $4b LNG-fired thermal power plant